Romania – huge returns on property to be made

Romania was recently highlighted by Channel 4’s A Place in the Sun as the best place for property investment returns.  One of the big reasons behind the predicted increase in the Romanian property prices is because Romania looks set to join in the EU.  This means now could be a fantastic time to invest in Romania, before the prices start to increase sharply. Historically, once a country has been given its accession foreign investment starts to enter the country and the country gains extremely good economic prospects. Romania will also introduce the Euro as an official currency.  The Accession Treaty to the European Union for Romania was signed on 25 April 2005 and it is expected that Romania will become a member of the EU in the next year or so.

A PriceWaterhouseCoopers report showed that if Romania enters the EU in 2007, house prices in the country are expected to go up four-fold in the next 10 years and the resulting economic economy strengthened.  The A Place in the Sun analysis of Romania highlighted:A PriceWaterhouseCoopers report showed that if Romania enters the EU in 2007, house prices in the country are expected to go up four-fold in the next 10 years and the resulting economic economy strengthened.  The Place in the Sun analysis of Romania highlighted:

1. Potential Increase on Investment: 414%
2. Average Rental Yield: 11.0%
3. Average House Price: 25,000 euros

As interest in Romanian property increases, massive regeneration and infrastructural investment is predicted. EU accession property investors are also attracted by the much lower cost of living – most services and products are more than 50% cheaper than their European equivalents. 
Romania is also becoming increasingly popular as a holiday destination – it has a pleasant climate as well as a rich archeological and architectural heritage and fascinating history. It also has spectacular sceneries including mountains, beaches, beautiful rivers and waterfalls, phenomenal rock formations, national parks and sanctuaries for natural wild life. Romania is easy to reach from London with flights taking only 2 hours to Bucharest.

If you like to see a list of properties for sale in Romania, please click here
If you would like to find out more about buying property in Romania, we suggest the following books:

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